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You can invest as little as $1,000 in every property that means you can build up a portfolio of different land types and in different areas for this diversification. In addition, you get professional management of those jobs. The project owners send all debt or equity payouts throughout the platform and it gets passed on to investors. .
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I surveyed property crowdfunding websites on returns and found that debt investments average around 9% whilst equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage because it provides me access to as many deals as you can. .
Subscribers to the channel have likely already seen the videos on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 books that averaged $1,857 per month last year.
Before you think you cant write a novel, anyone can do this and it's so straightforward. In fact, self-publishing is a natural match for bloggers because youre already writing this material. All you need to do is reformat it and turn it into a book for another income source.
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Im making an average of $185 per month on each publication and you can produce a new book every couple of months when youre really concentrated. The best thing about self-publishing is that once you get it printed on Amazon, theres almost nothing left to perform. I spend about $20 per month on advertising for every book and thats it. .
So if youre doing a book every 2 months, youll have your $5,000 per month in just over two decades and now thats going to be consistent income each month even in the event that you stop writing.
Another investment I emphasized recently was p2p lending through Lending Club. Ive been investing in p2p for a few years now and have booked returns only under 10%. Now that may not sound great against double-digit stock returns but its double what you get from additional fixed-income investments.
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Investing in loans is nothing new. In reality, I guarantee you have money in them via any pension plan or insurance. You see banks sell their loans to investors that need reliable cash flow so their most important buyers of loans are pensions and insurance companies.
I average just under 10% annually on the loans so about $1,000 on every $10,000 invested. Now thats a year so youll need quite a bit invested to make that $5,000 per month but even a little portfolio will constantly be putting money in your account. You get paid principal and interest monthly on your loans so its a great cash flow investment. .
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The automated investing tool on Lending Club makes the investment entirely passive. I might only check in on my account once per month or even more often. I know that program is going to keep investing my money for a secure and passive return.
Our next passive income idea is another twist on crowdfunding called Patreon. The site is encouraged as a crowdfunding website for creative people like artists and writers but really its for anyone with a side-hustle notion.
Patreon is actually how the arts used to work hundreds of years back. Back during the renaissance, artists utilized to ask the wealthy for their patrons to support their work through regular contributions.
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So now the site Patreon gives you the opportunity to get patrons for your own works. You build a community of individuals interested in your work, another use of a blog that does double-duty for this passive income plan, and then ask them to make contributions every time you produce something. .
Now patrons dont come off empty-handed, you provide rewards and copies of the job. So to get a writer, you might offer copies of your own books. You could useful content promise to publicly thank patrons on your site or to market something of theirs in the long run.